Russia Doesn’t Send U.S. Investor to Jail but Still Sends a Warning
Written by Black Hot Fire Network on August 7, 2021
MOSCOW — A Russian court sentenced on Friday an American businessman who is one of the country’s most prominent foreign investors to a suspended sentence of five-and-a-half years in a penal colony for a conviction on embezzlement charges, in a ruling that could hurt Russia’s ability to attract foreign investment.
The suspended sentence for the businessman, Michael Calvey, the founder of Baring Vostok, a private equity firm with $3.7 billion under management, means he will not spend time in Russia’s notoriously harsh penal . . .
